KLSE Traders Update and Ideas

Evening Market Summary - 13 Nov 2024

mplus313
Publish date: Wed, 13 Nov 2024, 05:54 PM
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This blog provides market updates and trading ideas that I gather from around the web.

M+ Market Wrap - 13 Nov 24

FBM KLCI: 1,611.50 pts (+3.07pts, +0.19%)

The FBMKLCI (+0.19%) rebounded, as the index was lifted by buying pressure in selected Banking stocks, namely PBBANK (+3.0 sen) and HLBANK (+7.0 sen), despite weaker overnight performance on Wall Street ahead of the CPI and PPI data releases. However, market breadth was negative, with 566 losers compared to 435 gainers. On the broader market, the Utilities sector (+1.02%) was the best-performing sector, led by TENAGA (+30.0 sen) and YTLPOWR (+5.0 sen), while the Plantation sector (-2.03%) declined as CPO prices retraced below the RM5,000 level.

Top 3 Active stocks:
LWSABAH (5328): RM0.940 (+29.0 sen)
MPIRE (7943): RM0.210 (-0.5 sen)

JPG (5323): RM1.250 (-20.0 sen)

Volume: 2.83 bn (100-bar avg vol: 3.71 bn)
Value: RM2.22 bn (100-bar avg val: RM3.23 bn)
Market Breadth: ⬆️435 ⬇️566
Crude palm oil: RM4,960 (-RM66)

Dow Futures: 43,950 pts (-124 pts)

**Source: Bloomberg, M+ **


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